Well, I wouldn’t be counting my chickens just yet. I agree that prices will probably go down substantially. But I haven’t declared myself victorious in my timing quite yet.
And even if you did time it perfectly, being right once doesn’t mean that you’ll be right again. It’s a very complex situation that I don’t think can be boiled down to 4 factors. Again, we’ll see.
For every David J. Decker and George G. Sheldon there are a couple economists (ones not in, on the periphery of, or connected in any way to the real estate profession, and therefore theoretically unbiased) who don’t see a coming crash in real estate. So I have trouble looking at their theories and completely buying into them without any skepticism. I wish I had your freedom from doubt, but I don’t.
